Barron's Ranks Wescott Financail Among “America's Top 100 Independent Financial Advisors”
PHILADELPHIA, PA – Wescott Financial Advisory Group, an SEC-registered wealth management firm serving high-net-worth individuals and institutions, was named to Barron’s list of the “Top 100 Independent Financial Advisors” in its August 26, 2013 issue. This is the financial magazine’s seventh annual ranking of top independent advisors. The group’s assets under management grew an average of 16% over the past 12 months through June 30, the result of solid investment returns and new business. That growth rate is up from the 12% annual pace posted for advisors on Barron’s 2012 list. These ranked advisors, typically backed by sizeable teams of financial-service professionals, increased average assets under management to $3.6 billion in 2013, up from $3.1 billion one year ago.
In response to being named one of Barron’s “Top 100 Independent Financial Advisors,” Grant Rawdin, Wescott’s founder and CEO said, “Inclusion in Barron’s Top 100 list for the fifth consecutive year is a testament to our dedication to client service, our collaborative work environment and, most importantly, our stellar team.”
To be nominated for listing, advisors must complete a 102-question survey about their practice. The resulting pool of nominated advisors is then screened to determine the top 100 practitioners. The editors at Barron’s focus on total assets under management and revenue generated by the advisor’s team, as well as the overall quality of the practice. Investment performance is not an explicit criterion, because clients’ investment goals vary. In many cases, the objective is preservation of wealth, rather than market-trouncing returns.
“Barron’s goal in publishing its rankings is to shine a spotlight on the best advisors,” said Ed Finn, editor and president of Barron’s, “with an eye toward raising standards in the industry. The rankings serve two types of Barron’s readers. For wealth management professionals, who comprise about one-quarter of our readership, they serve as an industry scorecard. For individual investors, who make up about three-quarters of our readership, our advisor rankings are a tool to help them in the process of finding financial guidance.”
About Wescott Financial Advisory Group LLC
Wescott Financial Advisory Group LLC is one of the nation’s largest registered independent advisors with more than 325 clients and $1.8 billion in assets under management. Founded in 1987, Wescott is an SEC-registered, fee-only investment advisory and wealth management firm. Wescott’s clients are high-net-worth individuals, families, trusts, foundations, pension plans and institutions. The firm’s investment philosophy is a uniquely disciplined, tax sensitive and opportunistic “open architecture, multi-manager (passive and active management)” approach that has been maintained for over 25 years. This approach allows Wescott to control risk while creating portfolios with a combination of complementary styles, diversifications and enhanced returns. Wescott is rated one of the top investment management firms in the United States. The firm is ranked in the top 50 nationally by Barron’s and was named a top firm in South Florida by the South Florida Business Journal. With offices in Philadelphia, Boca Raton, Miami and San Francisco, Wescott’s mission is “Achieving Client Goals.” For additional information, please visit www.wescott.com.
Barron’s is America’s premier financial brand, known for its market-moving stories. Published by Dow Jones & Company since 1921, it reaches an influential audience of professional fund managers, financial advisors, affluent individual investors, financial-services professionals and senior corporate executives. With new content available every business day in digital form and every week in print, Barron’s provides readers with an intelligible recap of recent market action coupled with insights on what’s likely to happen in the market in the days and weeks to come. In addition, its annual series of exclusive conferences for financial advisors and investors is dedicated to identifying, enhancing and expanding best practices in investing. As a result of these initiatives, Barron’s is the trusted financial-publishing brand that people actively in the market turn to for information, ideas and insights they can use to increase their professional success and enhance their personal financial well-being. Barron’s is a registered trademark of Dow Jones & Company, L.P. All rights reserved.
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